logo
EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com

EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com

Korea Herald24-07-2025
SHENZHEN, China, July 24, 2025 /PRNewswire/ -- After securing investments earlier this year from leading Middle Eastern and South Korean investors, EngineAI has successfully concluded its Pre-A++ and A1 funding rounds. The Pre-A++ round was led by XPeng-backed Rockets Capital, while JD.com spearheaded the A1 round with participation from strategic investors CATL Capital (affiliated with CATL) and Yintai Group, as well as institutional investors TH Capital, Guochen Venture Capital (Fortune Capital affiliate), and Huangpu River Capital. Existing shareholders also joined the two rounds. The strong investor confidence allows EngineAI to enter into mass production, further diversify product lines, and achieve breakthroughs in the real-world deployment of embodied intelligence and related technologies.
A rising star in humanoid robotics, EngineAI drives innovation through cutting-edge technology, delivering intelligent, hyper-agile robots. Its proprietary joint modules set industry benchmarks for explosive power, torque, and rotational speed, enabling lifelike motion. By solving Sim2Real challenges, the company has carved out a unique tech advantage, achieving millimeter precision in high-dynamic maneuvers like complex dances, front flip, and sprinting.
The global humanoid robotics market is forecast to exceed $100 billion by 2030, driven by strong enterprise demand across manufacturing, services, and logistics. EngineAI's "open-source hardware + ecosystem profit-sharing" model accelerates market penetration through strategic partnerships, enabling rapid application diversification and developer engagement. To overcome embodied intelligence hurdles, the company merges traditional control systems with reinforcement learning, boosting efficiency, precision, and reliability. This dual approach not only truly meets market demands but also gradually penetrates into consumer households, forming a unique commercial ecosystem.
The newly secured capital will enable rapid advancement of EngineAI's core initiatives in H2 2025:
EngineAI has established strategic collaborations with industry giants including NVIDIA, Amazon, JD.com, Tencent, and ByteDance to advance humanoid robotics applications across commercial services, hazardous operations, and cultural tourism. These partnerships are accelerating the path to large-scale commercial adoption.
With production accelerating and certain production segments already exceeding capacity targets, EngineAI is on track to complete optimization upgrades ahead of Q4 2025. This expansion ensures reliable delivery of advanced robotic solutions, positioning the company for successful mass-market penetration.
EngineAI is expanding its workforce across critical R&D, production, and market expansion roles. The company is simultaneously enhancing its internal training programs to develop employees' technical and leadership capabilities, building a sustainable talent engine for continuous innovation.
Looking ahead, EngineAI will intensify efforts in mass production, product diversification, and embodied AI implementation, contributing core strengths to the high-quality development of the humanoid robotics industry.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OpenWay recognized as Best-in-Class in Datos Insights' 2025 Matrix for Merchant Acquiring Platforms
OpenWay recognized as Best-in-Class in Datos Insights' 2025 Matrix for Merchant Acquiring Platforms

Korea Herald

time28 minutes ago

  • Korea Herald

OpenWay recognized as Best-in-Class in Datos Insights' 2025 Matrix for Merchant Acquiring Platforms

BRUSSELS, July 31, 2025 /PRNewswire/ -- OpenWay, a global leader in payments software and developer of the Way4 digital payment software platform, has been recognized as a Best-in-Class vendor in the 2025 Merchant Acquiring Software Platforms Matrix by Datos Insights. The ranking places OpenWay in the Market Leaders quadrant, based on the strength of its solution capabilities, high customer satisfaction, innovation score, and strong alignment with the strategic needs of modern acquirers. In this year's evaluation, Way4 received the highest score on the Strength/Capability axis, confirming that the platform sets the standard in product depth, multifunctionality, and flexibility. Way4 Merchant Acquiring empowers top-tier acquiring banks, processors, and ambitious fintechs in the Americas, Europe, MENA, and APAC to launch, scale, and tailor their merchant services — with fast time to market, real-time operations, high-volume performance, and the flexibility and speed of innovation. Built for global growth and local success, the platform supports a "glocal" service model that combines international best practices with local cultural and regulatory expertise in the time zone of the client. The platform enables a complete merchant lifecycle: from digital onboarding to dynamic and risk-based pricing, omnichannel and multi-asset acceptance (POS, e-commerce, softPOS, cards, wallets, crypto, CBDCs, A2A), real-time clearing, and reporting. Way4 also offers rich APIs, tokenization, FX tools, DCC, MCP, streaming analytics, and data-driven loyalty — as well as composable architecture that allows institutions to configure ~95% of product logic via parameters, without coding. "We are honored by this recognition from Datos Insights. It reaffirms our strategic focus and our commitment to helping clients grow and differentiate their acquiring business," says Paul Gubin, CEO of OpenWay. "We thank our clients for their partnership and trust, and our global team for consistently delivering at the highest level." This recognition continues OpenWay's history of industry leadership. Over the past decade, Way4 has been ranked Best-in-Class by Aite (now Datos Insights), Gartner, PayTech, Juniper Research, and Ovum for enabling first-to-market innovations in digital wallets, card management, CaaS, and cloud payment processing. Ron van Wezel, Strategic Advisor at Datos Insights, commented: "The Datos Matrix helps acquirers identify the vendors best positioned to support their growth and innovation. OpenWay's strong position in the 2025 Matrix reflects its clear product strategy, robust platform capabilities, and alignment with the needs of modern acquirers. Way4 stands out for its flexibility, breadth, and innovation — all critical for supporting the future of merchant services." Thad Peterson, Strategic Advisor at Datos Insights, added: "The merchant acquiring market is undergoing a rapid transformation. New payment methods, embedded finance, and demand for real-time services are reshaping what acquirers need from their platforms. Solutions like Way4 that combine flexibility, scalability, and global-local adaptability are exactly what leading institutions are looking for today."

Daewoong's Nabota hits record H1 sales, expands to Middle East
Daewoong's Nabota hits record H1 sales, expands to Middle East

Korea Herald

time3 hours ago

  • Korea Herald

Daewoong's Nabota hits record H1 sales, expands to Middle East

South Korean drugmaker Daewoong Pharmaceutical announced Thursday that its botulinum toxin product, Nabota, posted 115.4 billion won ($83 million) in revenue in the first half of this year, up 28 percent from last year. With this growth, Daewoong expects to surpass 200 billion won in annual sales this year. Nabota was approved by the US Food and Drug Administration in 2019 as the first Asian botulinum toxin. Since then, Daewoong has pursued a premium strategy focused on high purity, high safety and strict quality control standards. Nabota is now sold under the brand name Jeuveau in the US, the world's largest aesthetics toxin market, where it holds a 14 percent market share in the aesthetics segment, ranking second overall. Daewoong also continues to grow in Latin America and Southeast Asia, following major deals previously signed in Brazil and Thailand. The company recently signed a deal with Kuwait, expanding its reach to five Middle Eastern countries, including the UAE, Saudi Arabia and Qatar — the widest regional coverage among Korean toxin brands. Alongside product expansion, Daewoong is promoting its proprietary injection technique, Nabolift, through global training programs, aiming to enhance medical outcomes and brand presence. 'Nabota is now a global top-tier brand in aesthetics,' said Yoon Joon-soo, head of Daewoong Pharmaceutical's Nabota Business Division. 'We will strengthen our global leadership with premium quality and scientific proof.'

Hyundai, Kia lose FTA edge as Korea accepts US tariff hike
Hyundai, Kia lose FTA edge as Korea accepts US tariff hike

Korea Herald

time4 hours ago

  • Korea Herald

Hyundai, Kia lose FTA edge as Korea accepts US tariff hike

Auto giants to boost US production, cut costs, shift supply chain to offset tariff burden The reduction of US tariffs on South Korean automobiles to 15 percent offers only limited relief for Hyundai Motor Group, which faces mounting challenges in the world's second-largest car market. Stripped of its former zero-tariff advantage under the FTA, the automaker is bracing for a tougher fight to maintain its competitive edge. According to Seoul's presidential office, Korea and the US negotiated a 15 percent tariff on Korean-made automobiles on Thursday, lowering the rate from 25 percent. This adjustment addresses item-specific tariffs that were initially imposed to protect strategic US industries alleged to have contributed to trade imbalances. Japan and the EU had previously faced a 2.5 percent tariff on automobile exports to the US before securing their respective 15 percent trade deals. In contrast, South Korean automobiles entered the US tariff-free under the Korea-US Free Trade Agreement. Citing this discrepancy, Seoul had pushed for a lower 12.5 percent tariff rate in the latest negotiations. However, Washington rejected the proposal, saying it faced political pressure to apply a uniform 15 percent tariff across all three regions. 'When Japan first secured the 15 percent rate, it had already faced strong backlash from the United Auto Workers and Detroit's Big Three US automakers (General Motors, Ford and Stellantis),' said Trade Minister Yeo Han-koo during a press briefing earlier in the day. Emphasizing that Korea might have risked any chance of tariff reduction if it had insisted on the 12.5 percent levy, Yeo added, 'From the US perspective, maintaining a minimum 15 percent levy was crucial to protect its auto industry and align with the political climate, regardless of (our) FTA status.' Yeo noted that further tariff reductions are unlikely for the time being, given the need of the US to maintain a balance with other partners like Japan and the EU. He emphasized the government's commitment to capitalizing on every chance to lower tariffs 'even if it's by just 1 percent.' Industry insiders indicate that the 15 percent auto tariff represents an 'unsuccessful bargain' for Korea, as it loses the advantage it had over Japan, the EU and other competitors under the FTA-based zero tariff benefits it previously held. 'While Korea, Japan and the EU are now subject to the same 15 percent auto tariff, Korea must address the additional costs brought on by losing the 2.5 percent tariff advantage it previously held over the other two regions under the FTA,' said Kim Pil-su, an automotive engineering professor at Daelim University. 'Although 15 percent is better than the previous 25 percent, it's not a win for Korea,' Kim added. Kim Tae-hwang, an international trade professor at Myongji University, echoed that view and noted, 'Even if Korea had granted the US full access to its rice and beef markets, Donald Trump wouldn't have allowed a single-digit tariff on Korean automobiles, citing the need for fairness with other car exporters. From the start, it was a losing game for Korea.' According to NH Investment & Securities, under the 15 percent levy, Hyundai's annual tariff burden is projected to be approximately 2.6 trillion-2.7 trillion won ($1.87 billion-$1.94 billion) annually. Samsung Securities estimates Kia's annual tariff impact to be 2.3 trillion won. Hyundai Motor and Kia already experienced the impact of 25 percent US tariffs in the second quarter. Despite a surge in sales revenue, Hyundai and Kia's operating profit declined on-year by 15.8 percent to 3.6 trillion won and 24.1 percent to 2.8 trillion won, respectively. The combined negative effect of tariffs on the two carmakers totaled 1.6 trillion won. Kim, the engineering professor, stated that Hyundai Motor Group's key strategy would involve fast-tracking its production in the US while expanding its presence in other key auto markets such as Europe. On March 24, Hyundai Motor Group Chair Chung Euisun announced a $21 billion investment over four years in the US, focusing on achieving an annual production capacity of 1.2 million vehicles. In its second-quarter earnings conference call, Hyundai Motor said it plans to implement flexible pricing strategies and cost-saving measures and bolster production in the US, including local sourcing of auto parts. Kia vowed to redirect approximately 25,000 vehicles produced at its Georgia plant toward the US market. In response to the finalized tariffs, Hyundai Motor Group stated, 'We extend our deepest gratitude to the government departments and the National Assembly for their dedicated efforts in resolving the tariff issues with the US.' 'Hyundai Motor and Kia plan to pursue diverse strategies to minimize the impact of tariffs while further strengthening their competitiveness through enhanced quality, stronger brand positioning and technological advancements.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store